Archive | News

Petrobras announced it has approved the strategy of hiring up to 28 new drilling rigs to be built in Brazil, with increasing national content, for exploration in ultra-deep waters, including of wells located in the pre-salt layer. …

With the oil and gas industry’s emphasis today on health and safety and environmental stewardship, it is hard to imagine a time when wells spewing gallons of easy-to-find oil were a cause for celebration. …

The economy is starting to rebound, and that is good news for oil and gas prices and domestic and international rig counts, says Douglas Becker, managing director oil services & equipment for SMH Capital, an institutional equity research group. …

A technical report aimed at providing consistency in high-pressure, high-temperature (HPHT) practices is being prepared by a group of API task groups consolidated as the Executive Committee of Standardization. …